One of the great advantages of having your motorcycle coverage through us is that you can save money through multiple policies. James Campbell Insurance will be able to help calculate how much money you can save.
You also may be able to save money on your premiums if your motorcycle is stored in a garage, if you belong to certain rider groups, or if you have taken a safe rider course sponsored by the Motorcycle Safety Foundation. Call James Campbell today at 1-888-354-6444 for more information.
The coverage that is required by law consists of four parts:
• Third-party Liability (also called Public Liability and Property Damage, or PL & PD) coverage in case the driver of your vehicle injures or kills someone or damages someone’s property.
• Uninsured Automobile coverage, in case the owner of the vehicle that injured you or caused damage to your vehicle does not have insurance or is not traceable (hit-and-run driver).
• Statutory Accident Benefits coverage, which provide for a basic level of income replacement (disability benefits), supplementary medical and attendant care benefits, death and funeral benefits. Some of these benefits are only provided if you have no other wage replacement or supplementary medical benefit plan. Death benefits are only paid if you have a surviving spouse and/or dependent.
• Direct Compensation for Property Damage coverage, allows you to claim from your own insurance company for damage to your vehicle caused by someone else. To the extent that you are not at fault in an accident with another vehicle in Ontario, your own insurer will pay for damage to your vehicle.
Riding without the mandatory insurance levels can result in certain fines, depending upon the vehicle involved, the history of the person stopped, and other factors. The judge has some latitude in what final amount is assessed and it can apparently be lower than the guidelines.
You can reduce the direct compensation portion of this mandatory premium by taking a higher deductible (indicating that you will pay the deductible amount of any accident damage to your motorcycle caused by someone else).